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Search terms: Energy & Natural Resources, Bulgaria

A new regulation, which will take effect on January 1 2002, sets out the rules for calculation and application of the prices and tariffs for transactions involving electricity between the entities in the energy grid. The prices are valid for a period of at least a year, specified by the Energy Commission for each individual power plant.

A new regulation governs the terms and conditions for the issuing, amendment, renewal, termination, revocation and control of permits and licences that are required for the performance of activities in the energy sector. The State Commission on Energy Regulation issues these licences.

New legislation names the state bodies responsible for the regulation of underground resources. It also sets out the conditions and procedures for obtaining permits and licences for the exploration, exploitation and extraction of underground resources.